The government created the financial crisis, the banks exacerbated the problem, and bailing out the banks was just more crony capitalism. The idea of “too big to fail” runs counter to conservatism, and is not good long range economic practice.
The FDIC should protect the little investors/savers, and the rest should pay the consequence for not holding their financial institutions accountable for their practices. The people should not have to bail out banks or companies that make bad decisions.
The bad decision on the banks was made long before this happened. The right decision at the time was to rescue the banks. No way FDIC could have covered all the bank failures if the crash was allowed to continue. If the European banks failed, we were finished, as they would have started the domino movement. And it was not crony capitalism at that point, but many of the bailouts after Obama took office were, especially as most of us remember, the Solyndra-type bailouts, of which Solyndra was not the only one.
Some of the regulation following the crash was good but much of it a kind of revenge, taking advantage of leftist anti-capitalist sentiment.
Odamna only responsible for recovery of the gun industry.